New-home purchase mortgage applications rose 1% month over month and 13.8% year over year in May, according to data released Thursday by the Mortgage Bankers Association (MBA). The data is derived from the trade group’s survey of homebuilders. The MBA also estimated that sales of new single-family homes reached a seasonally adjusted annual rate of [...]read moreNew homes remain in demand as mortgage applications rise in May
As compliance becomes even more top of mind for the industry, Realtracs CEO Stuart White writes, MLSs have an enhanced role as a reliable resource to support professionals in following developing processes and procedures. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will [...]read moreMLSs Remain Valuable Tools After The NAR Settlement
One of London Fashion Week’s big-name independent labels, Roksanda, has been sold to brand development platform The Brand Group shortly after filing notice of intent to appoint administrators. It joins the still-new Vivere label as part of Damian Hopkins’ growing empire. See catwalkRoksanda – Spring-Summer2024 – Womenswear – Royaume-Uni – Londres – © Launchmetrics Found [...]read moreRoksanda sold to Damian Hopkins’ The Brand Group, founder to remain at creative helm
Mothercare shares plunged in early trading on Friday as the mother-and-baby-products brand owner issued a bleak trading update for the 53 weeks to the end of March. But there were multiple reasons for that sharp share price drop beyond weak sales. Mothercare UK Of course, a double-digit sales decline was a key factor. The update [...]read moreMothercare says times remain tough as financing talks begin
At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Wall Street investors are buying promises made by the new leadership of New York Community Bancorp that the company will return to profitability [...]read moreFaith in NYCB Restored, But Worries About Some Regional Banks Remain
What’s the next big thing in enterprise automation? If you ask the tech giants, it’s agents — driven by generative AI. There’s no universally accepted definition of agent, but these days the term is used to describe generative AI-powered tools that can perform complex tasks through human-like interactions across software and web platforms. For example, [...]read moreHow RPA vendors aim to remain relevant in a world of AI agents
In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 percentage-point decrease from February 2023. The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and [...]read moreU.S. mortgage delinquency rates remain near historic lows: CoreLogic
The future of physical media took another blow as Target confirmed previously reported plans that it would stop offering physical DVDs in store and transition to only carrying a select number of films in brick-and-mortar locations during specific, limited times. However, the retail giant said games would be—for now—unaffected by this change. How Alan Wake [...]read moreTarget Will Stop Selling DVDS In Stores Soon, Games Remain
UK consumer confidence isn’t just on the up again, it’s reached a new two-year high amid improving personal finances, especially among the 25-34 year-olds. But that isn’t necessarily feeding through into people feeling better about spending. Photo: Pexels That’s according to the latest Deloitte Consumer Tracker, which showed UK consumer confidence has increased for a sixth [...]read moreUK consumer confidence may keep rising but spending concerns remain
Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. In the first quarter of 2024, the big banks showed a challenging reality for originations. The banks’ Q1 2024 earnings, released on Friday, showed declining home loan volumes compared to the prior quarter [...]read moreMortgage volumes remain under pressure at Wells Fargo, JPMorgan